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That sound you heard from Detroit this morning was the other shoe dropping, loudly, at Opel. General Motors announced that Karl-Friedrich Stracke stepped down from his positions as GM Europe president Opel/Vauxhall CEO.

USA Today named David Callaway, who had been the top editor at MarketWatch since 2000, as its new editor. At the paper, he rejoins Larry Kramer, founder of MarketWatch, who in May was named publisher of USA Today.

The president of Dow Jones, Todd Larsen, resigned Tuesday after more than two years on the job and 13 years at the company. No reason was given for his departure. Dow Jones is the unit News Corp. that publishes The Wall Street Journal.

J.C. Penney Co.’s transformation team started to unravel on Monday. Penney president Michael Francis was fired after only eight months as the No. 2 executive at the Plano-based department store chain. Francis’ abrupt departure appears to be another corrective step from CEO Ron Johnson, who recently acknowledged that Penney’s marketing message has confused shoppers.

Co-founded in 2009 by Twitter cofounder Jack Dorsey, Square enables people to accept credit card payments on iPhone, iPad or Android devices... In a move that positions the company for a potential initial public offering, Square has hired former Goldman Sachs and Salesforce.com executive Sarah Friar as chief financial officer.

Nine months ago, Salon.com's founder, David Talbot, took up the mantle of CEO, bearing with him a plan: By appealing to readers for financial support in the manner of NPR and PBS while keeping its content free to read, Salon could could diversify its revenue mix while maximizing its audience -- and thus its income from advertising.

It didn't quite work out that way.

Jim Yong Kim, an American who is president of Dartmouth College, has been chosen to be the next president of the World Bank. His selection Monday extends the U.S. hold on the top job at the 187-nation development agency.

Twin Cities-based Best Buy said Tuesday that its CEO, Brian Dunn, has resigned. The electronics company said in a statement that Dunn's departure was in "mutual agreement that it was time for new leadership to address the challenges that face the company."

Sherilyn S. McCoy, a vice chairman of Johnson & Johnson, is the new chief executive of Avon Products.

President Obama on Friday nominated Dartmouth College President Jim Yong Kim, a physician and anthropologist by training, to succeed Robert Zoellick as the next president of the World Bank.